2022
DOI: 10.3390/jrfm15020045
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Digital Transformation of Small and Medium Enterprises: Aspects of Public Support

Abstract: The purpose of this study is to identify the necessary public support measures for small and medium-sized enterprises (SMEs) and provide policy makers with guidance on how to facilitate a successful digital transformation. The study is based on a representative survey of 425 Latvian SMEs carried out in spring 2021. We combine three analyses: a survey among SMEs, qualitative comparative analysis and regression analysis. The results of this study show that a significant number of SMEs are convinced that they wil… Show more

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Cited by 49 publications
(33 citation statements)
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“…Digitalization of enterprises, especially those in the small and medium sector, is currently one of the most important elements of the economic policy not only for the CEE countries, but also for the entire EU-27, which was further strengthened by the pandemic caused by the SARS coronavirus CoV-2 [60,61]. Digitalization is not only about implementing modern technologies, but also about modernizing the Internet infrastructure and investing in digital skills and building an open approach to innovation.…”
Section: Discussionmentioning
confidence: 99%
“…Digitalization of enterprises, especially those in the small and medium sector, is currently one of the most important elements of the economic policy not only for the CEE countries, but also for the entire EU-27, which was further strengthened by the pandemic caused by the SARS coronavirus CoV-2 [60,61]. Digitalization is not only about implementing modern technologies, but also about modernizing the Internet infrastructure and investing in digital skills and building an open approach to innovation.…”
Section: Discussionmentioning
confidence: 99%
“…The same is true for the role of digital transformation, which is a critical component in the advancement and modernization of businesses and the economy. As a result, the phenomenon of digital transformation should be investigated within the context of the MEs (OECD, 2020;Rupeika-Apoga et al, 2022). At the same time, because MEs are more vulnerable to the risks associated with entrepreneurial activities than large corporations, it is clear that this group of businesses requires assistance (Lateh et al, 2017;Mujib et al, 2021).…”
Section: Literature Reviewmentioning
confidence: 99%
“…At the same time, because MEs are more vulnerable to the risks associated with entrepreneurial activities than large corporations, it is clear that this group of businesses requires assistance (Lateh et al, 2017;Mujib et al, 2021). For the development and implementation of various support initiatives, a unique approach is required, as is the development of a concept that explains the relationship between the measures used and the results obtained (Nugroho, 2015;OECD, 2020;Rupeika-Apoga et al, 2022). The global economy's development constantly presents new challenges for any business; in recent years, the digital transformation process has been regarded as one of the most important fields (Midgley, 2008;Rudiatin & Hadiwardoyo, 2021).…”
Section: Literature Reviewmentioning
confidence: 99%
“…The acceleration of digital transformation is the answer to ensuring the movement of productive economic sectors during the COVID-19 pandemic (Kudyba, 2020). Digital technology, through digital transformation, plays a significant role in the future success of various industries, especially the management of MSMEs (Rupeika-Apoga, Bule, & Petrovska, 2022). Moreover, MSMEs with the ability to adapt to their environment will have dynamic capabilities.…”
Section: Introductionmentioning
confidence: 99%